Carbohydrase Market: Rising demand for sports drinks among different population sections globally to drive the market
Albany NY, United States: Carbohydrase Market - An Overview
The global carbohydrase market is expected to witness strong growth during the forecast period between 2021 and 2031.
Carbohydrase is a category of enzymes that help in decomposing carbohydrates into simpler sugars. Carbohydrase has proven beneficial in improving digestion in human beings.
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In some cases, carbohydrase has also proven useful to reduce diabetes. A few types of carbohydrase include amylase, cellulase, lactase, and pectinase.
The COVID-19 pandemic adversely affected the global carbohydrase market. With governments imposing lockdowns and strict social distancing regulations, manufacturing facilities in the food and beverages industry were forced to shut down temporarily or permanently.
This resulted in a decrease in demand for carbohydrase and negatively impacted the overall market.
The market, however, is projected to witness steady growth in the post-pandemic phase, owing to re-opening of manufacturing facilities leading to improved product demand.
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Carbohydrase Market - Trends and Opportunities
Rising demand for sports drinks among different population sections globally is the key growth driver for the carbohydrase market.
Also, growth in the field of enzyme engineering, which has proven beneficial in the development of the product chemically is expected to fuel the growth in the carbohydrase market, in future.
Constant growth in the pharmaceutical and medical industries is also anticipated to drive the carbohydrase demand, globally, in the coming years.
Government initiatives and measures, promoting the benefits of carbohydrase in food and beverages products could help fuel product demand in the years ahead.
The beverages product segment is expected to make the largest contribution to the overall market in future as carbohydrase has emerged as the main ingredient in the manufacturing of sports drinks, in the last few years.
Carbohydrase derived from microbes is anticipated to contribute the most to the overall market worldwide since these products comprise a large number of enzyme catalysts.
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Carbohydrase Market - Competitive Landscape
The global carbohydrase market is extremely competitive, with the presence of several well-established players. Many of these players are expected to account for a large share in the overall market, in the years ahead.
Growth strategies such as novel product launches could help leading players gain a competitive edge over others in the global carbohydrase market, in the coming years.
Dyadic produced an enzyme recently named endoglucanases which is expected to witness high demand in the upcoming years.
Collaborations with lesser-known players could help prominent market players expand their market presence and increase their revenue share
R&D undertakings could be a key growth strategy for the well-established players, in future.
Some of the leading players in the global carbohydrase market include Novozymes, AB Enzymes GmbH, Royal DSM, Amano EnzymesInc., and Specialty Enzymes.
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Carbohydrase Market - Regional Assessment
The global carbohydrase market is classified into five regions, namely, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
North America is anticipated to be the dominant region in the global carbohydrase market due to the presence of a large number of food and beverages companies in countries such as US and Canada.
Europe is expected to offer lucrative growth opportunities for the overall market in future owing to increasing government initiatives in countries such as Italy and Germany, contributing to market growth in the region.
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Asia Pacific is anticipated to provide profitable growth opportunities for the carbohydrase market due to the growth in the animal-feed industry in countries such as India and Thailand.
Leading market players could establish R&D facilities in countries such as India owing to ease of availability of key resources such as land and labor.
Other regions of the world such as Middle East and Africa and Latin America are expected to witness moderate growth in the carbohydrase market, in the coming years.
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